Diversified Ethanol A Division of James Monroe Capital Buying Private LLC's and LP's.

CHICAGO -- Diversified Ethanol, a division of James Monroe Capital Corporation (Pink Sheets:JMCP) is now putting out bids to buy stock in private ethanol plants which are operational with earnings.

The company will begin putting out bids this week to maximize its participation in the ethanol industry, and to quickly get some earnings on its books. The company will begin buying stock in privately traded ethanol plants, such as limited partnerships and LLC's, which are not available in the stock market.

This strategy is intended to be a bonus to the company's earnings and assets, not a majority of the company's revenues or worth.

Diversified Ethanol's CEO, Taylor Moffitt commented, "Our whole premise was to diversify the company, thereby minimizing any risks associated with owning an individual business. This way, shareholders are partners owning businesses together that may not be generally available to everyone. We especially like the fact that the stock we will buy will come with strong earnings. Some ethanol companies are trading at a price to earnings ratio of 50 (reference MGPI), however, we are able to buy ethanol plant shares at a P/E ratio of about 12. This will not only add earnings, but if the market is even remotely efficient it will add value to the company's intrinsic worth."

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.